Thursday, August 20, 2009

Daily Briefing, 8/20/2009

Good morning everyone! Here is today's Daily Briefing.

It appears that PennDOT will to abandon plans to widen Route 22, saving the state $100 million. The focus will now turn to interchange improvements. And there was good news for local college, with Lehigh, Lafayette, Muhlenberg, Moravian and DeSales all scoring placements on the U.S. News & World Report's Best Schools list.

In state-wide news, Bill Cosby - yes, Bill Cosby appeared at the Capitol yesterday, to argue against more cuts to education. Meanwhile, Senate Republicans tried, unsuccessfully, to override the Governor's veto on the state budget. Only Senator Lisa Boscola (D-18) crossed party lines and voted with the Republicans.

In national news, all of our wallets got some good news, as the federal deficit is going to be less than expected, coming in at $1.58 trillion - $262 billion lower than expected. The reason for this is because the Obama administration removed a $250 billion line item that was an emergency fund in case Wall Street needed additional federal assistance.

We have two Chamber events today: a mixer on 19th street in Allentown and a TRACC event - Lafayette in the Community.

And that's it! Have a great day.

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